タイトル(掲載誌)CRR Discussion Paper, Series B
一般注記type:Technical Report
In this paper, we study the effects of the Profit-Sharing rule on an oligopolistic economy. Many believed that the Japanese economy was strong because Japan adopted the Profit-Sharing rule (or the Japanese management system) in the 1980s. However, Japan was trapped in a prolonged recession after the collapse of the bubble economy in the 1990s. The Japanese management system and its regulated financial system have come under criticism as factors of the crisis. We derive a condition that a firm and its union adopt the Profit-Sharing rule voluntarily and construct a macrodynamic model of financial instability. We demonstrate in this study that the Profit-Sharing rule in Japan further stabilises the economy when the financial structure of the economy is already stable.
identifier:CRR Discussion Paper, Series B, No. B-5, pp. 1-27
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)